PPP Loan Data — Aspiration Partners, Inc., Marina Del Rey, CA
Aspiration Partners, Inc.
Location: Marina Del Rey, CATweet This • Search All PPP Data
Aspiration Partners, Inc. is a corporation located at 4551 Glencoe Ave in Marina Del Rey, California that received a Coronavirus-related PPP loan from the SBA of $3,360,900.00 in April, 2020.
$ PPP Loan Information
Lender:COASTAL COMMUNITY BANK
Aspiration Partners, Inc. in Marina Del Rey, CA received a Paycheck Protection Loan of $3.36M through COASTAL COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Aspiration Partners, Inc.'s total 2019 payroll expenses were approximately $16.13M in order to qualify for the PPP loan amount received.
Based on their reported 171 jobs retained, this equals an estimated average yearly compensation of $94,341 per employee1.
Business Information - Aspiration Partners, Inc. in Marina Del Rey, CA
4551 Glencoe Ave
Marina Del Rey, CA 90292
Financial Transactions Processing, Reserve, and Clearinghouse Activities (NAICS code 522320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-33
Industry PPP Comparison Statistics
Nationwide, 2,295 businesses in the "Financial Transactions Processing, Reserve, and Clearinghouse Activities" industry received a total of $244,861,474.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 95% lower than Aspiration Partners, Inc.'s reported 171 employees, and received an average PPP loan of $106,693, 97% lower than this company's loan of $3.36M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
Have FederalPay.org's open data tools been valuable? Consider donating!